German Interwar Economy Essay
After Germany’s loss in World War 1, they fell into a depression, as they owed money to most of the countries in accordance to the treaty of Versailles. Most of the other countries around the world were also having economic problems because of the repercussions of the war. Then in the 1930’s due to a huge stock market crash, the world flung into ‘The Great Depression.’ This depression caused most of the world’s economies to decline however; Germany’s economy started taking an upward turn.
Germany went through a lot of ups and downs in their economic cycles in the Interwar years. There were a lot of economic crashes and booms in these twenty odd years. There were many factors that contributed towards these economic instabilities. Through this report we take a look at how the German economy pulled through in some of its toughest times and managed to stabilize its economy. To observe how the German economy worked through the pre-war years, we have to take a look at it through its different stages. Firstly there was the period between the First World War all the way up to the Great Depression in 1929; from there we look at Germany from the 1930’s to World War 2 and Adolf Hitler’s contribution to their economy. Finally the German economy must be compared to the world during this time period. Read more…
